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About The Discussion On Banking System in Rural Area Through Cloud Computing
i) The article discusses using cloud computing technologies like NetApp FAS storage systems to improve banking services in rural areas of India by reducing costs. This allows cooperative banks to offer core banking platforms without large investments. ii) Currently, transactions through branches in rural areas are much more expensive than in non-rural areas. But costs can be reduced by using business correspondents with handheld devices, lowering the cost per transaction to a fifteenth of branch costs. iii) The article argues that cloud computing, mobile technologies, and low-cost channels like business correspondents can help rural cooperative banks achieve greater financial inclusion and scale while improving operational efficiencies and reducing costs over time.
Detailed Information
| Author: | ['Aishwarya Ram'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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